JPMorgan Active Value ETF (NYSEARCA:JAVA) Shares Shorted: Short Interest Down 36.0% in September

JPMorgan Active Value ETF (NYSEARCA:JAVA) was the target of a significant decrease in short interest during the month of September. As of September 30th, there was short interest totaling 125,045 shares, a decrease of 36.0% from the September 15th total of 195,371 shares. Currently, 0.1% of the shares of the stock are sold short. Based on an average trading volume of 498,508 shares, the days-to-cover ratio is currently 0.3 days.

Hedge Funds Weigh In On JPMorgan Active Value ETF

Institutional investors have recently modified their holdings of the company. CRA Financial Services LLC bought a new stake in JPMorgan Active Value ETF in the 3rd quarter worth approximately $232,000. Cyndeo Wealth Partners LLC grew its position in JPMorgan Active Value ETF by 8.7% during the third quarter. Cyndeo Wealth Partners LLC now owns 101,301 shares of the company’s stock valued at $8,076,000 after acquiring an additional 8,107 shares during the last quarter. Centerline Wealth Advisors LLC grew its position in JPMorgan Active Value ETF by 1.3% during the third quarter. Centerline Wealth Advisors LLC now owns 309,239 shares of the company’s stock valued at $24,653,000 after acquiring an additional 3,953 shares during the last quarter. WealthPLAN Partners LLC raised its stake in shares of JPMorgan Active Value ETF by 9.2% during the third quarter. WealthPLAN Partners LLC now owns 58,033 shares of the company’s stock worth $4,626,000 after acquiring an additional 4,878 shares in the last quarter. Finally, Triangle Securities Wealth Management raised its stake in shares of JPMorgan Active Value ETF by 1.3% during the third quarter. Triangle Securities Wealth Management now owns 256,282 shares of the company’s stock worth $20,431,000 after acquiring an additional 3,276 shares in the last quarter. 43.07% of the stock is currently owned by institutional investors.

JPMorgan Active Value ETF Price Performance

NYSEARCA JAVA traded down $0.09 during trading hours on Friday, reaching $82.00. 264,056 shares of the stock traded hands, compared to its average volume of 449,385. The stock has a 50 day simple moving average of $81.99 and a two-hundred day simple moving average of $79.18. JPMorgan Active Value ETF has a 1 year low of $67.77 and a 1 year high of $84.06. The company has a market cap of $7.47 billion, a price-to-earnings ratio of -90.11 and a beta of 0.78.

About JPMorgan Active Value ETF

The JPMorgan Active Value ETF (JAVA) is an exchange-traded fund that mostly invests in large cap equity. The fund is an actively managed fund of US large-cap value stocks selected based on proprietary fundamental analysis. JAVA was launched on Oct 4, 2021 and is managed by JPMorgan Chase.